I will say, I asked one of the major CEOs, I said, okay, what would the time frame be to take Venezuela from 1 million barrels a day to 3 million barrels a day? And The response was 10 years. That it doesn't happen over like it would. Yeah, tens of billions of dollars of investment and perhaps north of $100 billion. Now, you would recoup that, but the infrastructure has so degraded. And I said, all right, so 10 years to go from 1 million a day to 3 million a day. (06:46–06:58)
CLAIM
Asserts that increasing Venezuela's oil production from 1 million to 3 million barrels per day would take 10 years and require significant investment.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
